|
Revenue Protection (RP)/Revenue Protection with Harvest Price Exclusion (RPHPE) |
Yield Protection (YP)/ Actual Production History (APH) |
Area Revenue Protection (ARP)/Area Revenue Protection with Harvest Price Exclusion (ARPHPE) |
Area Yield Protection (AYP) |
Whole-Farm Revenue Protection (WFRP) |
| Benefits |
Guarantees revenue per acre with both upward and downward price protection. HPE excludes upward price protection. |
Production-based coverage protects the producer against a yield loss. |
Covers against loss of revenue due to a county level production loss, price decline, or combination of both, and includes upside Harvest Price protection. ARPHPE excludes upward price protection. |
Covers against loss of yield due to a county level production loss. |
Establishes a dollar guarantee based on the lesser of the Expected Revenue from the farm or the adjusted five-year historic average of allowable Schedule F income. |
| Guarantee |
Approved Yield x selected level x greater of Projected or Harvest Price. If Harvest Price Exclusion, Approved Yield x selected level x Projected Price. |
Approved Yield x selected level x price. |
Expected County Yield x greater of the Projected or Harvest Price x coverage level = Trigger Revenue. If ARPHPE, Expected County Yield x Projected Price x coverage level = Trigger Revenue. |
Expected County Yield x coverage level = Trigger Yield. |
Approved Revenue x coverage level. |
| Prices |
100% of commodity contract traded on regional commodity exchange. |
YP – 55-100% of commodity contract traded on regional commodity exchange. APH – 55-100% of RMAestablished price (for crops where there is no commodity exchange price provision). |
0.8-1.2 protection factor; loss limit factors apply. |
0.8-1.2 protection factor; loss limit factors apply. |
Based on the sum of the expected value for each commodity. |
| Coverage Level |
50%, 55%, 60%, 65%, 70%, 75%, 80%, 85%. |
CAT, 50%, 55%, 60%, 65%, 70%, 75%, 80%, 85%. |
70%, 75%, 80%, 85%, 90% of the county revenue. |
CAT, 70%, 75%, 80%, 85%, 90% of the county yield. |
50%, 55%, 60%, 65%, 70%, 75%, 80%, 85%. (Must have 3 commodities to qualify for 80% and 85%). |
| Units |
Enterprise, basic and optional. |
Enterprise, basic and optional. |
One unit for each crop, type and practice within the county. |
One unit for each crop, type and practice within the county. |
One unit for all the commodities on the farm. |
| Losses |
Paid when Calculated Revenue, determined using Harvest Price, is less than the final Revenue Protection Guarantee. |
Paid when Actual Yield is less than the Production Guarantee. |
Paid when the Final County Revenue is less than the Trigger Revenue. |
Paid when the Final County Yield is less than the Trigger Yield. |
Paid when the revenue to count is less than the Approved Revenue x the coverage level x the expense reduction factor (if applicable). |
| Prevented Planting |
Available |
Available |
Not available |
Not available |
Conditional |
| Replant |
Available |
Available except at CAT level |
Not available |
Not available |
Available – annual crops only |
| High-Risk Land Rates |
Available |
Available |
Not available |
Not available |
Not available |
| Written Agreements |
Available |
Available |
Not available |
Not available |
Not available |
